Overview of the Buying & Selling Process


Buyer
1. Considers purchasing a home
2. Selects a real estate agent
3. Determines needs and wants
4. Discusses financial issues
5. Views & researches target homes
6. Makes an offer to buy
7. Offer Accepted
8. Loan Application
9. Inspections
10. Title Search
11. Appraisal
12. Loan Approval
13. Closing Papers Signed
14. Documents Recorded
15. Funds Available To Seller
16. Buyer Moves In

Seller
1. Decides to sell property
2. Selects a real estate agent
3. Determines needs
4. Prepares home for marketing
5. Agent markets the home
6. Accepts, rejects or counters offer
7. Offer Accepted
8. Loan Application
9. Inspections
10. Title Search
11. Appraisal
12. Loan Approval
13. Closing Papers Signed
14. Documents Recorded
15. Funds Available To Seller
16. Seller Moves Out